Nifty Prediction for Thursday 16th June 2011

Nifty Index today opened with negative bias, nifty closed down by 53 points which was near its day low. Selling Pressure in banking and Reality sectors due to hike of 25 basis points expected in monetary credit policy.
Today Nifty futures closed and settled finally at 5452.65 and was down by -63.15 points or -1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5435 else above resistance level of 5505 it would be in an upward trend.Resistance & Support Levels for Thursday:-
It has resistance close to the level of 5505 & above this level the next resistance is near the 5630 mark. It has support close to the level of....click here to read full post
Source:- http://stock-intraday-tips.blogspot.com/